15.0

<div data-id="section-z-1-1.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.1 General</div>

<div data-id="section-z-1-1.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.2 <u class='defined-term'>Performance Assurance Board</u></div>

<div data-id="section-z-1-1.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.3 Indemnity</div>

<div data-id="section-z-1-1.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.4 Powers and Functions of the <u class='defined-term'>Performance Assurance Board</u></div>

<div data-id="section-z-1-1.5" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.5 Delegation</div>

<div data-id="section-z-1-1.6" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.6 Responsibilities owed to Trading Parties alone</div>

<div data-id="section-z-1-1.7" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.7 Relationship between the <u class='defined-term'>Performance Assurance Board</u> and Performance Assurance Parties</div>

<div data-id="section-z-1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1 INTRODUCTION</div>

<div data-id="section-z-2-2.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.1 <u class='defined-term'>Panel Committee</u></div>

<div data-id="section-z-2-2.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.2 Modification of Proceedings in relation to <u class='defined-term'>Qualification</u></div>

<div data-id="section-z-2-2.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.3 Duties of Members</div>

<div data-id="section-z-2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2 PROCEEDINGS OF THE PERFORMANCE ASSURANCE BOARD</div>

<div data-id="section-z-3-3.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.1 Functions of <u class='defined-term'>Performance Assurance Administrator</u></div>

<div data-id="section-z-3-3.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.2 Confidentiality</div>

<div data-id="section-z-3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3 PERFORMANCE ASSURANCE ADMINISTRATOR</div>

<div data-id="section-z-4-4.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.1 Limit and Exclusion of Liability</div>

<div data-id="section-z-4-4.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.2 Further Provisions</div>

<div data-id="section-z-4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4 LIABILITY OF PERFORMANCE ASSURANCE BOARD AND PERFORMANCE ASSURANCE ADMINISTRATOR</div>

<html><head></head><body><div data-id="section-z-5-5.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">5.1 <u class="defined-term"><u class="defined-term">Settlement</u> Risk</u>s, Performance Assurance Parties, SVA Performance Assurance Objectives and <u class="defined-term">Annual Performance Assurance Timetable</u></div></body></html>

<div data-id="section-z-5-5.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">5.2 <u class='defined-term'>Annual Performance Assurance Timetable</u></div>

<div data-id="section-z-5-5.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">5.3 <u class='defined-term'>Performance Assurance Technique</u>s</div>

<div data-id="section-z-5-5.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">5.4 <u class='defined-term'>Risk Evaluation Methodology</u></div>

<div data-id="section-z-5-5.5" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">5.5 <u class='defined-term'>Risk Evaluation Register</u></div>

<div data-id="section-z-5-5.6" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">5.6 <u class='defined-term'>Risk Operating Plan</u></div>

<div data-id="section-z-5-5.7" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">5.7 <u class='defined-term'>Risk Management Determination</u></div>

<div data-id="section-z-5" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">5 PERFORMANCE ASSURANCE PROCEDURES</div>

<div data-id="section-z-6-6.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">6.1 Interpretation</div>

<div data-id="section-z-6-6.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">6.2 <u class='defined-term'>Risk Management Determination Query</u></div>

<div data-id="section-z-6-6.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">6.3 <u class='defined-term'>Risk Management Determination Appeal</u></div>

<div data-id="section-z-6-6.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">6.4 General Provisions applying to <u class='defined-term'>Risk Management Determination</u> Queries and <u class='defined-term'>Risk Management Determination Appeal</u>s</div>

<div data-id="section-z-6" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">6 RISK MANAGEMENT DETERMINATION QUERIES AND RISK MANAGEMENT DETERMINATION APPEALS</div>

<div data-id="section-z-7-7.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">7.1 Administering and Implementation of <u class='defined-term'>Performance Assurance Technique</u>s</div>

<div data-id="section-z-7-7.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">7.2 Publication of Certain Data</div>

<div data-id="section-z-7" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">7 PERFORMANCE ASSURANCE TECHNIQUES</div>

<div data-id="section-z-8-8.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">8.1 <u class='defined-term'>Annual Performance Assurance Report</u></div>

<div data-id="section-z-8-8.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">8.2 Recommendations</div>

<div data-id="section-z-8" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">8 FURTHER FUNCTIONS AND DUTIES</div>

<div data-id="amendment-record--section-z" style="margin-left:0.69in;text-indent:-0.69in;text-align: center">AMENDMENT RECORD – SECTION Z</div>

<div data-id="section-z" style="text-align:center">SECTION Z: PERFORMANCE ASSURANCE</div>

CONTENTS

BSC Section Z: Performance Assurance V15.0

Defined Terms

Cross-references